Today, the Chairman & CEO of MPLX LP (MPLX), Gary Heminger, bought shares of MPLX for $1.16M.
Following this transaction Gary Heminger’s holding in the company was increased by 26.59% to a total of $8.43 million. In addition to Gary Heminger, 2 other MPLX executives reported Buy trades in the last month.
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Based on MPLX LP’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.56 billion and quarterly net profit of $482 million. In comparison, last year the company earned revenue of $1.53 billion and had a net profit of $453 million. MPLX’s market cap is $21.84B and the company has a P/E ratio of 11.95. Currently, MPLX LP has an average volume of 1.79M.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $36.00, reflecting a 30.6% upside.
The insider sentiment on MPLX LP has been positive according to 92 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Gary Heminger’s trades have generated a -2.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.
